When investing in Government Bonds such as G-Secs, T-Bills, and State Development Loans (SDLs) through FYERS, there are no brokerage charges for primary market investments. However, if you sell them before maturity on the exchange, standard FYERS brokerage and DP charges apply. Cut-off timings are also important to ensure your bids are accepted in RBI auctions.
Standard FYERS brokerage applies:
For the detailed breakdown, see the FYERS Charges List .
Orders for G-Secs, T-Bills, and SDLs must be placed within RBI’s designated bidding windows:
| Instrument | Start Date & Time | End Date & Time | Auction Date | Settlement Date |
|---|---|---|---|---|
| G-Secs | Tuesday (10:00 AM) | Thursday (4:00 PM) | Friday | Monday |
| T-Bills | Monday (10:00 AM) | Tuesday (4:00 PM) | Wednesday | Thursday |
| SDLs | Monday (10:00 AM) | Monday (4:00 PM) | Tuesday | Wednesday |
These timelines may change based on RBI or exchange updates. To check the applicable dates and timings on FYERS Web, go to More → Bonds → Govt Bonds. The bond listing displays details such as Bid Close Date & Time, RBI Auction Date, and RBI Settlement Date.
| Scenario | Resolution |
|---|---|
| You sell before maturity | Standard FYERS brokerage and DP charges apply. |
| You hold till maturity | No exit charges; redemption is free. |
| You place an order after the cut-off | The bid may be rejected or rolled over to the next auction. |
Tip: If you plan to hold till maturity, applying in the primary market is completely free of cost at FYERS. Always place bids well before the cut-off to avoid last-minute rejections.